Remittances to El Salvador Decrease by 13.6%

In April, received remittances totaled $292.5 million, compared to $338.5 million during the same period last year

Monday, May 19, 2008

In the first quarter of this year, received remittances were 9.2% lower than during the first quarter in 2008.

Keny López wrote in Laprensagrafica.com: "So far this year, there have been four other decreases: -8.4% in January, -7.8% in February, -6.7% in March and -13.6 % in April. The effect of these declines was reflected in the $114.9 million less that El Salvador received in remittances when the amount is compared to the $1.25 billion which were sent during the first four months in 2008."

More on this topic

Remittances to Guatemala fell by 9% in July

August 2011

After 16 months of continuous growth, remittances in July were down 9% compared to the same period in 2010.

According to the Bank of Guatemala (Banguat), remittances received in July totaled $349.8 million, 9% less than the $384.6 million received in the same month in 2010.

Remittances to El Salvador Drop 10.3%

July 2009

In the first half of the year, $1.7 billion were sent to the country by Salvadorans abroad, 10.3% less than the same period of 2008.

Remittances averaged $290 million each month during this semester, whereas the average was $323.1 during the first half of 2008, according to data from the Reserve Bank (BCR).

Remittances to El Salvador on the decline

November 2008

The total remittances during October was $304.3 million or $400,000 less than the previous month.

It is almost $20 million less than for the same month in 2007, when $323.8 million was sent...

The figure for October confirms the fears of slowdown that analysts have been announcing in the last few months.

Remittances to Guatemala drop 2.9% in October

November 2008

Only $361 million were received in October compared to $371 million last year, according to the Guatemalan Bank (Banquat).

According to the International Immigration Organization (IMO), family income from remittances total close to 11 percent of the Gross National Product (GNP) for Guatemala and benefits 4.1 million persons.

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